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Yes we are all too aware that Food, insurance and many other assets are more expensive these days. Speaking purely from a Commodities perspective, the TR Commodity index has made a series of lower highs over the past few years.
Early this year the index rallied up to falling resistance and now its breaking down below a couple of support lines.
Should we listen to the broader global inflation message or lack of with this index break down of late? I believe its important what the basket of commodities does going forward. I doubt that long bond players dislike this price action!!!
For those banging the drum about rising rates, what commodities do in the near future from here, could well impact that premise.
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